Risk Management

OSHA Reveals the Top 10 Most Cited Standards for the 2020 Fiscal Year

OSHA Reveals the Top 10 Most Cited Standards for the 2020 Fiscal Year

Using preliminary data, the Occupational Safety and Health Administration (OSHA) recently revealed its top 10 most frequently cited standards in the 2020 fiscal year. This information is valuable for businesses of all kinds, as it helps them identify common exposures that affect their workforce and gives them the information they need to plan their compliance …

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Work Comp Insights-Premium Audits

Work Comp Insights – Premium Audits

While workers’ compensation requirements can differ between states, many policies include a routine premium audit process. Different from most other lines of commercial insurance (e.g., property coverage)—in which potential exposures can be identified upfront and premium expenses are final—workers’ compensation premiums paid at the beginning of policy periods are provisional amounts. In other words, these …

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2021 OSHA Penalty Amounts-Featured

2021 OSHA Penalty Amounts

OSHA must adjust its civil penalty amounts for inflation each year. As such, the Department of Labor recently released its 2021 inflation-adjusted civil monetary penalties that may be assessed on employers for violations of a wide range of federal laws, including the Occupational Safety and Health Act. OSHA’s increased amounts apply to any civil monetary …

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OSHA’s Latest Guidance on Creating COVID-19 Prevention Programs

OSHA’s Latest Guidance on Creating COVID-19 Prevention Programs

The Occupational Safety and Health Administration (OSHA) recently issued new guidance on mitigating and preventing the spread of COVID-19 in the workplace. This guidance—which pertains to organizations outside of the health care sector—is intended to inform both employees and employers of the risks of occupational COVID-19 exposure, as well as outline top COVID-19 control measures …

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Supply Chain Optimization

Supply Chain Optimization

The coronavirus (COVID-19) pandemic defined 2020 and brought the importance of the supply chain to light as a result of the many closures and shortages. Businesses are planning for an unpredictable 2021 as well and are looking to strengthen their supply chains to preemptively avoid further disruption. Until recently, supply chains were largely a quiet …

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Insurance Carrier Recommendations

Insurance Carrier Recommendations

Insurance carriers play an active role in risk management, often assigning risk managers to inspect organizations’ facilities and work areas. If any issues are found during these inspections, the insurance carrier may provide recommendations that the organization must follow in order to maintain coverage and avoid higher insurance premiums. If your organization has an upcoming …

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COVID-19 Vaccine Considerations

COVID-19 Vaccine Considerations

The prospect of a COVID-19 vaccine is exciting, but it also presents challenges for employers like you. Specifically, you may be considering whether vaccinations should be encouraged or mandated for your staff. The answer to this question depends on the unique aspects of your organization and its operations. And although there’s currently no federal law …

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